BOWIE, Md. – March 2, 2015 – Inovalon (Nasdaq: INOV), a leading technology company providing advanced cloud-based analytics and data-driven intervention platforms to the healthcare industry, announced that it has entered into a new multi-year agreement with Gateway HealthSM, a nationally ranked managed care organization headquartered in Pittsburgh, Pennsylvania, to provide a data-driven analytics solution platform to improve clinical and quality outcomes, financial performance, and regulatory compliance for its Medicare Advantage and managed Medicaid membership populations in Pennsylvania, Ohio, Kentucky, and North Carolina.
Inovalon’s cloud-based data-driven intervention platforms enable a deep understanding of the member’s health status, including physician documentation of disease and co-morbitity diagnoses, while identifying and closing gaps in quality, care and data integrity. Moreover, Inovalon’s advanced analytics enable reporting and forecasting for the efficient identification, determination, and substantiation of disease and comorbidity data. Additionally, Inovalon will deliver business intelligence reporting that offers granular insight into state-relative comparative data to inform business decisions. These solutions include seamlessly integrated electronic health record (EHR) interoperability capabilities that address current challenges facing the healthcare industry.
Patricia Darnley, president and chief executive officer at Gateway Health, said, “We are pleased to work with Inovalon, utilizing their advanced analytics and data-driven technologies to deepen our understanding of those we serve and furthering our mission in providing quality, affordable healthcare in a proactive and holistic manner.”
Gateway first collaborated with Inovalon in September 2014 as part of the Dual Eligible Data Collection Initiative, a research project to better understand the factors underlying performance of dual eligible members served by Medicare Advantage plans, enumerated in an earlier study by Inovalon and subsequently presented to U.S. Congress in October of 2014.
“We are extremely impressed with Gateway’s steadfast commitment to meet the needs of members across diverse populations,” said Keith Dunleavy, M.D., Inovalon’s chief executive officer and chairman of the board. “We are proud to be working with Gateway and look forward to supporting their programs improving insight, care and performance across their Medicare Advantage and managed Medicaid populations.”
About Gateway HealthSM
Gateway Health is a nationally ranked managed care organization, offering a variety of health plans for Medical Assistance (Medicaid) and Medicare eligible individuals. Gateway has expertise in serving the needs of special segments, including older adults with chronic diseases and lower income individuals. With more than 20 years of experience, Gateway Health is committed to its innovative care models, quality clinical outcomes and responsive and consultative customer service. “A Better Way” is more than a tag line, it’s how Gateway conducts business and what they want for plan members, providers and community partners and policy makers. For more information, please visit Gateway Health at www.gatewayhealthplan.com
Inovalon is a leading technology company that combines advanced cloud-based data analytics and data-driven intervention platforms to achieve meaningful impact in clinical and quality outcomes, utilization, and financial performance across the healthcare landscape. Inovalon’s unique achievement of value is delivered through the effective progression of Turning Data into Insight, and Insight into Action®. Large proprietary datasets, advanced integration technologies, sophisticated predictive analytics, and deep subject matter expertise deliver a seamless, end-to-end platform of technology and nationwide operations that bring the benefits of big data and large-scale analytics to the point of care. Driven by data, Inovalon uniquely identifies gaps in care, quality, data integrity, and financial performance–while bringing to bear the unique capabilities to resolve them. Supporting hundreds of healthcare organizations in 98.2% of U.S. counties and Puerto Rico, Inovalon’s analytical and data-driven intervention platforms are informed by data pertaining to more than 754,000 physicians, 248,000 clinical facilities, and more than 120 million Americans providing a powerful solution suite that drives high-value impact, improving quality and economics for health plans, ACOs, hospitals, physicians, patients and researchers. For more information, visit www.inovalon.com.
Kim E. Collins
4321 Collington Road
Bowie, Maryland 20716
Greenough, on behalf of Inovalon